Jinhua Capital Corporation announced a non-brokered private placement to issue 15,000,000 flow-through units at a price of CAD 0.06 per FT Unit for gross proceeds of up to CAD 900,000 and up to 10,000,000 non-flow through units at a price of CAD 0.05 per Unit for gross proceeds of up to CAD 500,000; aggregate gross proceeds of CAD 1,400,000 on November 6, 2023. Each FT Unit will consist of one flow-through common share and one-half of a common share purchase warrant and Each whole FT Warrant will entitle the holder to purchase one additional non-flow-through common share at a price of CAD 0.10 per FT Warrant Share for a period of 18 months from the closing of the Offering, subject to acceleration of the expiry date to 15 days in the event that the price of the Company?s common shares close at or above CAD 0.25 for 10 consecutive trading days. Each NFT Unit will consist of one non-flow-through common share and one share purchase warrant.

Each NFT Warrant will entitle the holder to purchase one additional non-flow-through common share at a price of CAD 0.05 per NFT Warrant Share for a period of six months from the closing of the Offering. The Offering is expected to close in multiple tranches. The Company may also pay eligible finders: a cash fee equal to 8% of the gross proceeds raised from subscribers introduced by the finder; issue such finder the number of finder warrants as is equivalent to 4% of the number of FT Units or NFT Units, as applicable sold to subscribers introduced by the finder; and issue such finder the number of the company?s common shares as is equivalent to 4% of the number of NFT Units or FT Units, as applicable sold to subscribers introduced by the finder.

Each Finder Warrant shall entitle the holder thereof to purchase one additional common share at a price of CAD 0.10 for 12 months from the closing of the Offering. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.